🚨 Yesterday an unknown whale sold 24,000 BTC ($2.5 billion) and used the funds to purchase ETH.
This is not just a large transaction — it's an event that could change the sentiment of the entire market. And while we try to understand what this means, Ethereum is becoming the main contender for the role of the new leader.
On one hand, it's nice that they are buying $ETH . On the other hand, is this not a signal that the Bitcoin cycle is coming to an end?
🧠 Perhaps some of the big players already see what we are just beginning to feel. I wouldn't be surprised if soon there is news that some state or corporation is accumulating ETH. Although, as always, they will only mention it after they exit their positions.
📢 And now a bit more excitement about Ethereum:
— ETHZilla is launching a $10 billion ATM program to buy ETH from the market. It's like MicroStrategy, just in Ethereum style.
— Tom Lee from Fundstrat compares the moment for ETH to the year 1971, when the USA moved away from the gold standard — and the era of financial innovations began.
— His company BitMine has already added 9613 ETH and plans to invest another $20 billion. And honestly — I believe him.
📅 This week we are watching macro:
— August 28 — US GDP + labor market
— August 29 — inflation (PCE Index + expectations)
I remind you: for the Fed right now, the main focus is on the labor market. Inflation is secondary.
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